Apparently network effect is only measurable by manipulatable price and Satoshi wrote the whitepaper 'Bitcoin: A peer-to-peer electronic portable capital'.Lyn Alden (@LynAldenContact):@GeorgeGammon Portable capital that cannot be confiscated with the stroke of a pen. ...

Investment Performance Summary - The Taiwan Fund, Inc. reported a net asset value per share of $46.82 as of May 31, 2025, an increase of $1.10 from $45.72 on February 28, 2025 [2] - The Fund's share price on May 31, 2025, was $37.77, reflecting a discount to net asset value of 19.33%, up from a discount of 18.55% on February 28, 2025 [2] - The total return for the three months ended May 31, 2025, was 2.41%, compared to a return of 1.66% for the TAIEX Total Return Index [2] Nine-Month Performance - For the nine-month period ended May 31, 2025, the net asset value per share decreased by $6.96 from $53.78 on August 31, 2024, influenced by a $7.40 per share distribution in December 2024 [3] - The share price also decreased by $6.96 from $44.73 on August 31, 2024 [3] - The total return for the nine-month period was 3.57%, compared to 3.04% for the TAIEX Total Return Index [3] Financial Highlights - The Fund had net realized gains of $1,149,165 and an increase in net unrealized appreciation of $3,628,968 for the three months ended May 31, 2025 [4] - The net investment income for the same period was $290,622 [4] - Total net assets as of May 31, 2025, were $290,127,535 [5] Income and Gains Breakdown - Gross investment income for the three months ended May 31, 2025, was $899,273, with a per share income of $0.14 [5] - The net investment income per share for the same period was $0.04 [5] - The total realized and unrealized gain on investments for the three months was $4,778,133, translating to $0.74 per share [5] Company Overview - The Taiwan Fund, Inc. is a diversified closed-end investment company focused on long-term capital appreciation through investments in equity securities listed on the Taiwan Stock Exchange [6] - The Fund's shares are traded on the New York Stock Exchange under the ticker symbol "TWN" [6]

RT Solana (@solana)internet capital markets https://t.co/nzQEcxkMiS ...

We last wrote about the SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA: SPLB ) a year ago, when we started our coverage on this name. In our initial article, we described the fund structure and risk drivers andWith an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims to deliver high annualized returns with a ...

Core Insights - Morgan Stanley reported fiscal 2025 second-quarter earnings with $16.8 billion in revenue, a 12% year-over-year increase, and earnings per share of $2.13, alongside an 18.2% return on tangible common equity [1] - The firm’s Wealth and Investment Management client assets reached $8.2 trillion, with net new assets of $59 billion and record fee-based flows of $43 billion [1][5] - The quarterly dividend was increased to $1 per share, reflecting strong financial performance [1] Capital Deployment and Regulatory Environment - The firm ended the quarter with a 15% CET1 ratio, exceeding regulatory requirements by over 200 basis points, and reported a $54 billion sequential increase in total spot assets [3] - Management anticipates further regulatory reforms that will enhance capital allocation capabilities, supported by strong stress test results [3][4] - Ample surplus capital and increased regulatory flexibility provide a competitive edge for expanding lending and enhancing shareholder returns through dividends and buybacks [4] Wealth Management Performance - Wealth Management pretax profits reached a record $2.2 billion with a pretax margin of 28.3%, driven by strong fee-based advisory flows [5] - Net new asset growth is increasingly supported by cross-channel integration, including adviser-led, Workplace, and self-directed flows [5][6] - The firm is experiencing growth in Workplace origination, exceeding previous annual expectations [6] Global Markets and Revenue Generation - Equities revenues reached $3.7 billion, with record performance in EMEA and strong growth in Asia, while Fixed Income revenue surpassed $2 billion for multiple consecutive quarters [7][8] - Prime brokerage revenues also reached all-time highs, indicating robust client activity amid market volatility [7] - The firm’s ability to generate revenue across various market conditions demonstrates its durable competitive advantage [8] Future Outlook - Management aims to exceed $10 trillion in client assets and expects net interest income to remain stable in the upcoming quarter [9] - Incremental capital will be allocated to core organic growth priorities, with selective inorganic acquisitions evaluated strategically [9]

Core Viewpoint - Johnson & Johnson's stock is experiencing a rally following post-COVID-19 normalization and the impact of its Kenvue spinoff, with Q2 results indicating a return to growth and expected acceleration in the latter half of the year [1][2] Financial Performance - In Q2 2025, Johnson & Johnson reported earnings of $23.7 billion, reflecting a 5.8% increase year-over-year and exceeding expectations by 370 basis points [8] - The company achieved a net income of $5.54 billion, up 18% compared to the previous year, with adjusted earnings of $2.77 outperforming consensus estimates by 330 basis points [10] Segment Performance - The U.S. business saw a 7.8% increase, while MedTech grew by 7.3% and Innovative Medicine reported a 4.9% increase [9] - Operational performance, new product launches, and demand contributed significantly to the growth across segments [9] Market Indicators - The stock price showed solid support at the $145 level in 2023, 2024, and 2025, indicating bullish sentiment, with a subsequent price surge following earnings release [4] - Both stochastic and MACD indicators have generated strong buy signals, suggesting broad market support for the stock [6][7] Guidance and Future Outlook - Johnson & Johnson's guidance indicates increased expectations for revenue and earnings, which may act as a catalyst for higher share prices [11] - Analysts have set a 12-month price target of $171.00, representing a 3.83% upside, with forecasts ranging from $150.00 to $215.00 [8]

M&T Bank Corporation (MTB -1.95%) reported 2Q2025 results on July 16, 2025, highlighting a 27.7% increase in diluted GAAP EPS to $4.24 compared to $3.32 in Q1 2025 and $1.1 billion in share repurchases. Management provided quantitative updates on risk, capital, and business line growth trends, all of which were discussed in detail.Material Capital Return Acceleration and Prudent Targeting of Regulatory BuffersCapital distribution was robust in 2Q2025, with $1.1 billion in share repurchases, representing 5.7 ...

Real Estate & Space Industry Trends - Data centers are a rapidly growing sector in real estate, driven by AI, cloud computing, and online activities, but their high energy consumption poses a challenge [1] - Private capital is flowing into the space industry, with new companies emerging to serve various aspects of the sector from both public and private perspectives [3] - The space industry is experiencing a revolution, with companies seeking to monetize space through manufacturing and serving as a base for further space exploration, including potential data center production on the moon [6] - Space offers unlimited power from the sun, unlimited cooling from the vacuum, and unlimited real estate, potentially unlocking constraints faced on Earth and providing clean energy [9] - The current economic environment presents challenges for global development, with stagflation, higher rates, and slower growth making it difficult for developers to make projects financially viable [19][20] Technological Advancements & Infrastructure - Reusable rocket technology is advancing, with potential for 1,000 tons of launch capability, moving towards a million tons per year [32] - Robotics are becoming increasingly advanced and advantageous in the lunar environment due to the challenges of sustaining human life in space [31] - Ethos is developing technology to utilize lunar geological resources, such as anorthosite, to create building materials like synthetic igneous rock, which is twice as strong as concrete, for constructing landing pads, roads, and foundations on the moon [26][27][28][29] Energy & Power Consumption - Data centers are projected to consume a significant portion of US power generation, potentially reaching 40% by 2030, highlighting a serious infrastructure problem [42] - China has a significantly larger installed power base than the US and is investing heavily in solar energy, necessitating the exploration of new, non-Earth-bound power generation methods [44] - The cost of solar energy is declining rapidly, and nuclear energy is gaining traction, suggesting that energy problems will be solved, but the demand for power is infinite [47] Investment & Future Outlook - Capital is seeking great opportunities and returns, with space emerging as a promising area for investment [21] - Infrastructure investments require a long-term perspective, considering future disruptors and their potential interplay with the current world [14] - The space industry is in its early stages, similar to the railroad era, representing a major investment opportunity and creating new "rails" for the future [17]

People are VERY aware that early stage venture isn’t guaranteed wins anymore.Prominent angel investors are in group chats saying "I'm not doing angel investing right now" & VCs are being far more picky.What are the second and third order effects of this??? ...

manit's crazy we have to say things like "teams generating revenue on top of solana is not bad actually"you will not shame a team into making different financial decisions with *revenue they earned on their own* — they will always do what's best for their businessand this is what you should want — you should want businesses to optimize for their own needs, this is literally how capitalism worksif you can provide a platform where businesses can optimize for their own needs and succeed, then in return you get ...